Your listingAn agreement of which a property is marketed through a service or association composed of several agents with fees and a commission from the sale of a property shared between the selling broker and the listing broker. agreement obligates you to pay the flat fee or percentage defined in paragraphs 5 and 8 to the buyer’s brokerA person or firm that acts as an agent between providers and users of products or services, such as a mortgage broker or real estate broker. See also “Mortgage Broker.” (agent). In your listing, it is advertised as BAC (Buyer AgentRefers to the agent and broker solely representing the buyer of the property. The buyer agent, the cooperating broker, the other broker, the buyer broker, are terms used interchangeably. In most context, it is real estate professional receiving a commission for representing the best interest of the buyer. CommissionThe fee charged for services performed, usually based on a percentage of the price of the items sold (such as the fee a real estate agent earns on the sale of a house). ) followed by a number or percentage. This is what sells your home. Don’t try to take this away. It is not negotiable when negotiating an offerA formal bid from the home buyer to the home seller to purchase a home.. The BAC is the heart and soul of agent cooperation.
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